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Aura Energy Limited (AURA)

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Monday 10 June, 2019

Aura Energy Limited

Issue of Shares

RNS Number : 6017B
Aura Energy Limited
10 June 2019
 

 

AURA ENERGY LIMITED

("Aura" or the "Company")

Issue of Shares

 

Aura wishes to inform the market that on 3 June 2019 the Company issued the following ordinary shares:

 

SD Capital Limited/GKB Ventures Limited

2,261,872

Servico sarl

9,828,718

 

----------------

12,090,590

----------------

 

Total number of ordinary shares on issue

 

1,223,891,343

Ordinary shares held in Treasury

Nil

Expected Admission date

17 June 2019

 

 

On 25 January 2019, the company executed a Letter of Engagement with SD Capital Advisory Limited and GKB Ventures Limited (collectively "S&G") as joint finance advisors to arrange funding for both the Tiris uranium project in Mauritania and the Häggån vanadium project in Sweden.  The issue of shares referred to above represents a retainer payable for May 2019.  The 20-day VWAP price immediately preceding the 25 May 2019 for the issue of shares to S&G was 0.963 Australian cents per share

 

On 29 May 2019, the company entered into aa five-year Option Agreement with Servico sarl, a Mauritanian entity, to acquire its exploration permit should exploration prove successful.  The exploration permit held by Servico is within the vicinity of the Hadebeit Bellaa and Touerig Taet gold and base metals exploration permits in the Tasiast South region.  The issue of shares by the Company to Servico represents the 5-year Option Fee.  The share price used for the issue of shares for the 5-year Option Agreement was 1.1 Australian cents per share.

 

The total number of ordinary shares on issue following the issue and Admission of the above Placement Shares will be 1,223,891,343 ordinary shares.  There are no shares held in treasury and, therefore this figure may be used by shareholders, from the appropriate time, as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

For more information please visit www.auraenergy.com.au or contact the following:

 

Aura Energy Limited

Peter Reeve (Executive Chairman)

Telephone: +61 (3) 9516 6500

[email protected]

WH Ireland Limited (Nominated Adviser & Joint Broker)

Adrian Hadden

James Sinclair-Ford

 

Telephone: +44 (0) 207 220 1666

 

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat

Jamie Spotswood

 

Telephone: +44 (0) 203 470 0470

Yellow Jersey PR Limited

Joe Burgess

Felicity Winkles

Telephone: +44 (0) 7769 325 254

[email protected]

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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